Financial Services SectorCompetition is fierce throughout the financial services sector. Organisations, be they banks, building societies, mortgage lenders or insurance companies, need to provide justification for new services and to gain an understanding of pricing for these new financial services. Innovation is key to competitive advantage but new products and online delivery channels expected by the twenty-first century customer do not come without a cost. Activity Based Costing/Management projects in the financial services sector are providing a mechanism for real, sustainable competitive advantage, offering revenue assurance and increased profitability. Insurance, banks building socitiesABM in financial services such as insurance and assurance companies, banks, building socities and mortgage lenders can provide the basis for improved business decisions and cost management throughout the organisation. Identify value-adding processesMany of our clients in the Financial Services sector have used Activity Based Costing information to help identify value-adding and non-value-adding processes. Management of these processes can then help to support continuous improvement programmes and benchmarking exercises. The information from these initiatives can then feed into Balanced Scorecards to provide performance management frameworks within financial services companies that can deliver real value. At Bellis-Jones Hill we use enterprise performance management to help financial services organisations: - Understand customer, product and channel profitability in the financial services sector leading to improved profitability and revenue generation
- Benchmark departments and organisations to highlight areas for improvement
- Identify value-adding and non value-adding processes resulting in successful cost reduction initiatives and margin management programmes
- Improve information to support management decision processes
Contact us today to speak to one of our Financial Service Sector specialists. | 
